ISPT sells Coles mall for $26.5 million
ISPT Retail Australia Property Trust (IRAPT) has sold a Coles-anchored neighbourhood mall in Sydney’s south-west for $26.535 million, on a fully leased yield of 5.8%. James Wilson and Alex James-Elliott...
Elanor Retail Property Fund divests three retail assets
Following a strategic review, Elanor Retail Property Fund (ERF or Fund) is focusing on non-discretionary value-add retail assets and is conducting a structured sales program for the Fund’s Income assets....
Frasers Property Australia appoints new head of capital transactions
Frasers Property Australia (FPA) has appointed Mark Gleeson to the role of Executive General Manager – Capital Transactions. Gleeson has been part of the Frasers Property team for the past...
Dexus, Stockland and Vicinity named on the 2019 CDP Climate ‘A List’
Stockland has once again been recognised as a global leader in disclosure and action on climate change, achieving a place on CDP’s Climate A-List for the fourth year in a...
Scentre Group included in Bloomberg Gender-Equality Index
Scentre Group is one of 325 companies globally, and one of nine in Australia, included in the 2020 Bloomberg Gender-Equality Index (GEI). This marks the first time Scentre Group has...
Lunar New Year celebrates the clever rat
The year 2020 not only brings in a new decade but celebrates the Year of the Rat during the Lunar New Year festival. Although the Rat may not be the...
Mainbrace to deliver Bass Hill Plaza upgrade for Charter Hall
Retail specialist Mainbrace Constructions has been appointed to complete a significant interior refurbishment project at Bass Hill Plaza in south west Sydney for Charter Hall. The $7.8 million internal works...
Blackstone sells Brimbank Plaza for $150 million
Located in Melbourne’s rapidly expanding western suburbs at Deer Park, the 37,576m2 (GLA) single level sub-regional Brimbank Plaza shopping centre dominates the locale with an MAT of $198.5 million (Dec18) on a massive...
Pacific Fair partners with The Heart Foundation to launch Walking Club
AMP Capital’s Pacific Fair has launched a walking club in conjunction with The Heart Foundation to promote healthy exercise in a fun environment. As the Gold Coast’s largest shopping centre,...
State-of-the-art childcare opens with Miguel Maestre designed meals
The Precision Group has welcomed a state-of-the-art childcare centre, Paisley Park Early Learning Centre adding to its $45 million redevelopment at South Australia’s Port Adelaide Plaza. The childcare centre has opened...
AMP Capital appoints new fund managers to flagship diversified property fund
AMP Capital has appointed a new fund management team for the AMP Capital Diversified Property Fund (ADPF), with Tom Green appointed as Fund Manager and Andrew Jeffs as Deputy Fund...
Kate Rooney, Vicinity Centres
The Shopping Centre industry is driven by people. It’s the skills and expertise of the people that manage, develop and evolve shopping centres for their communities that creates this great...
Sephora sets location of second SA store
Global beauty retailer Sephora continues its expansion in South Australia with the announcement of it’s second location set to open later this year. Strategically located just 10 kilometres south-west of the...
Stockland Townsville launches parklet with local organisations
Made popular in San Francisco, parklets are designed as a public place for passersby to relax and enjoy the atmosphere and amenities at hand. Following on the success of its first...
Macarthur Square hosts 38th Annual All American car show
The All American Day car show is cruising back into Lendlease’s Macarthur Square, with more than 400 classic American cars on display and lots of free family fun on offer this...
Jessica Wilkinson, Lendlease
The Shopping Centre industry is driven by people. It’s the skills and expertise of the people that manage, develop and evolve shopping centres for their communities that creates this great...
Shopping Centre Industry bands together in a crisis
It is the natural Australian spirit to help each other in times of crisis. The recent and ongoing unprecedented bushfires has changed the nation in so many ways – but...
Vicinity to acquire 50% interest in Uni Hill Factory Outlets and divests its Lennox Village
Vicinity Centres has agreed to acquire a 50% interest in Uni Hill Factory Outlets in Victoria from MAB Corporation for $67.8 million, while MAB Corporation will retain a 50% interest...
EOY commentary 2019: Australia continues to attract foreign capital
Lower interest rates and the loosening of banks’ lending requirements amidst the local and global market challenges, which included a major Federal Election, the ever-changing economic landscape, global uncertainty and...
Lascorp in $62 million Charter Hall deal
Retail investor Lascorp has acquired three Charter Hall supermarket based assets for $62.35 million in an off-market purchase highlighting the recent spike in investor demand for both comparatively attractive commercial...
Allison Bailey, Vicinity Centres
The Shopping Centre industry is driven by people. It’s the skills and expertise of the people that manage, develop and evolve shopping centres for their communities that creates this great...
Vicinity completes Australia’s largest car park solar program
Vicinity Centres (Vicinity) has completed Australia’s largest car park solar installation in South Australia (SA), with 1,400 solar shaded car spaces at Elizabeth City Centre (ECC). The project is another completed...
Pacific Fair only Gold Coast centre to receive 5 Star Nabers rating
Pacific Fair is the only centre of their size (or larger) in Australia, and the only centre on the Gold Coast to have achieved a 5 Star Nabers Energy rating....
Signature Hospitality Group opens two new venues at Robina Town Centre
Signature Hospitality Group has honed in on the Gold Coast, officially launching two new venues in Robina last week – The Sporting Globe and TGI FRIDAYS. Both located on The...
Dennis Michael, QICGRE
The Shopping Centre industry is driven by people. It’s the skills and expertise of the people that manage, develop and evolve shopping centres for their communities that creates this great...
Charter Hall sells Canberra’s Erindale Shopping Centre
A neighbourhood shopping centre in Canberra has been snapped up by private investor in an off market transaction worth $39 million. Erindale Shopping Centre is located in Canberra’s southern suburb of...
The Palms showcases local artists on International Day of People with a Disability
AMP Capital’s Palms Shopping Centre is a place of inclusiveness, and in honour of International Day of People with Disability on Tuesday 3 December, the east Christchurch shopping centre expanded...
ISPT moves ahead with $160 million Karingal Hub redevelopment
ISPT is forging ahead with the exciting transformation of Karingal Hub Shopping Centre in Frankston, which will see it expanded and refurbished over the coming 18 months. After several years...
Christmas – the most important time of the year to ring retail sales in
When it comes to Christmas it’s always a careful decision by managers and marketers on how much funds to allocate to the busiest season of the year. Many see it...
Construction commences for stage one of Merrifield City
QIC GRE Director – Investment Management Australia, Daryl Stubbings, today turned the first sod to officially commence work on Merrifield City, a retail-led town centre for Victoria’s largest mixed-use master...
Burwood Brickworks official opening
Frasers Property Australia’s Burwood Brickworks shopping centre in Burwood East, Victoria opened on Friday 6 December. To mark the occasion an official ribbon cutting ceremony was held, with proceedings hosted by...
Stockland Burleigh Heads first retail centre in Queensland to launch app for vision-impaired
Australian startup BindiMaps is revolutionising the way people who are blind or vision-impaired experience large indoor spaces with an app that facilitates simple navigation in indoor locations, like shopping centres. Stockland...
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